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ANZ-Roy Morgan Consumer Confidence increases for fifth straight week, up 0.7pts to 95.7 – driven by increases in Melbourne & Adelaide
October 06 2020
- Finding No.
Consumer Confidence Press Release
This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,533 online and telephone interviews conducted Australia-wide with men and women aged 14 and over the weekend October 3/4, 2020.
ANZ-Roy Morgan Consumer Confidence increased 0.7pts to 95.7 on October 3/4, 2020 and is now 16.6pts lower than a year ago on the comparable weekend of October 5/6, 2019 (112.3) and is now above the 2020 weekly average of 93.8.
Consumer Confidence has now increased for fifth straight weeks and is up 5.5pts since ending August at 90.2. Driving this week’s small increase was more confidence about people’s personal financial situation compared to this time a year ago.
Current financial conditions
Now 25% (up 1ppt) of Australians say their families are ‘better off’ financially than this time last year and 34% (down 1ppt) say their families are ‘worse off’ financially.
Future financial conditions
Current economic conditions
Future economic conditions
Time to buy a major household item
Australians are almost evenly split on whether now is the time to purchase major household items with a decreasing proportion of Australians, 35% (up 1ppt), saying now is a ‘good time to buy’ major household items, while 36% (up 1ppt), say now is a ‘bad time to buy’.
ANZ Head of Australian Economics, David Plank, commented:
“Continued improvement in the local news around the pandemic and talk of early tax cuts and other fiscal measures in the Budget led to a gain in consumer confidence for the fifth straight week. Consumers are still pessimistic, but confidence is at its highest level since June. Melbourne saw a sharp uptick in confidence as the removal of the curfew helped in lifting sentiment, although it is still 8.6% below the neutral level of 100. Today’s announcement on the fiscal details will heavily influence the direction of the index in the coming weekend.”
Latest ANZ-Roy Morgan Consumer Confidence Releases
Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables
ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
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ANZ-Roy Morgan Asia-Pacific Consumer Confidence Results (Headline Figures)
Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more
Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.
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